Bull Market Thinking’s Tekoa da Silva has released an interview with commodities guru Jim Rogers.
Rogers apparently believes daily waterfall smashes in gold and silver precisely on the COMEX open for a week and a half following the announcement of QE4 are a result of free and natural market forces.  Rogers informed Tekoa that “There’s No Reason For The Government To Manipulate Gold Or Silver, I Don’t Buy It”.

So according to Mr. Rogers, the bankster cartel manipulated LIBOR to the tune of $Trillions, but allow gold and silver to trade freely without any interventions? 

Full interview below:

Submitted by Deepcaster:

The Prospective Rigging of the CPI Calculation for Social Security recipients would , yet again, make the “Official” CPI even further removed from The Inflation Reality.   The Reality is that the current U.S. Inflation Rate, 9.4%, is already Threshold Hyperinflationary.
The Key Point for Investors is understanding the Motivation behind Government and Mega-Banks pushing for Mandatory Government Securities Investment, and changing the way Inflation is calculated.

The Powers-that-Be in the Global Banking and Finance community know that the ever-increasing Money Printing – QE to Infinity – is already leading to increasing Price Inflation, which they wish to hide, and thus eventually to Massive Sales of Paper Treasury Securities, for which they wish to have Buyers, via 401(K) Funds.

Submitted by Marshall Swing:

Gold & Silver COT Report 12/21/12

Commercial longs rose 832 while shedding 1,752 shorts to end the week with 48.09% of all open interest, an imperceptible decrease of -0.10% in their share since last week, and now stand as a group at 276,695,000 ounces net short, which is a decrease of just under 13,000,000 net short ounces from the previous week

Submitted by Morris Hubbartt:

The pullback in silver this week brought the important RSI indicator back down to the key 30 area.  Silver is one of my favorite long term growth investments.
On the long term silver chart, RSI for silver has declined to 30 area, seven times.  Six big rallies have occurred after each of those events.  Will this time be “lucky number 7”?  I think so, and my target for this rally is $44.

Submitted by Adam Hamilton:

Silver has been selling off relentlessly since the Federal Reserve expanded its third quantitative-easing campaign last week.  As that decision was highly inflationary, silver’s subsequent weakness has really vexed traders.  But its counter-intuitive selloff had nothing to do with fundamentalsAs the Fed’s past QE campaigns demonstrated abundantly, QE3 will eventually prove to be very bullish for silver’s fortunes.

While we have posted this previously, we thought it apropos to re-post the CFTC’s Mission Statement at the end of a week that saw the most blatant and egregious market manipulation of gold and silver since the May 2011 take-down.

CFTC’s full Mission Statement (in polished granite) below:

The latest report from the Silver Institute reveals what most participants of the silver market suspected- China has become the largest physical market for silver in the world.
The report indicates total Chinese silver demand has grown to a whopping 170.7 million ounces annually, from just 70 million ounces a decade ago.
Chinese investment demand for silver reached 17 million ounces in 2011, up from 9.8 million ounces in 2009.
As with China’s gold accumulation, it is likely that China’s unofficial hoarding of silver vastly exceeds the publicly admitted 17 million ounces annually.

Full report below:

The legendary Jim Sinclair, who yesterday advised readers that the current take down in the metals market is The Great Train Robbery, in which the Goldmans of the world are going massively long in gold, has sent an email alert to subscribers advising that the post QE4 gold and silver take-down is a move of desperation by the Fed via the gold banks based on the false premise that attacking symptoms without meaningful economic intervention is going to cure the problem.

Sinclair states that using charts or technical analysis in such a manipulated and manufactured market is totally useless, but that gold is going to $3,500 and above, and the dollar to .72 and below, as soon as the Fed’s take-down is completed and the Goldman boys have adequately stuffed their pockets with gold.

Full MUST READ alert below:

By SD Contributor AGXIIK:

The tale of the silver boom ended badly for the Hunts when the Federal  Reserve, Justice Department, Saudi kings and others with a real desire to smash the Hunt Brothers took after them with a vengeance.  Jim Sinclair was part of the team that helped Volker dismantle the silver barons, restoring  the US Dollar hegemony from the frightening specter of even worse currency debasement.  Silver and gold went to sleep for another 30 years. The Petro Dollar system was preserved.  That cost was in the billions.Today things are different.  Or are they?  The same economic tides are making precious metals a safe haven from the real perception of inflation and its harmful effects. The difference today is that silver is in a shortage with most of the silver production immediately absorbed into commercial and investment uses, leaving many asking for their precious metals and not getting delivery in short order, or if at all.  Most of us can acquire silver and gold in small amounts.  Gold has no ready stocks available for sale.  Every ounce, pound or ton is spoken for, sometimes several times over given the theft occurring from allocated accounts and vaults emptied by smart money investors like China and Russia taking delivery from bullion banks and their badly placed paper bets.

Unlike the 1970s when  gold and silver price spikes were stimulated by fear of inflation erosion despite massive above ground supplies,  all precious metals today are in short supply, even to the point where small hot wars are being fought for its possession.  This is not the era of the Hunt Brothers chasing an enormous bet on silver in hopes of making a few billion in profits, riding the public’s desire to save themselves from currency devaluation.
Our present era is a Cold War being fought over these most important commodities.

Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed wasn’t doing what it’s doing . . . I’d presume you’d be on the road to a banking system collapse. The banking system is still in trouble.” Williams warns the “open-ended” printing of $85 billion a month “. . . will be part of what will eventually become hyperinflation.” And if there is no deal on the so-called “fiscal cliff,” then Williams expects “heavy selling pressure on the U.S. dollar.” Join Greg Hunter as he goes One-on-One with John Williams.

Iraq quadrupled its gold holdings to 31.07 tonnes over the course of three months between August and October, data from the International Monetary Fund showed on yesterday. The IMF’s monthly statistics report showed the country’s holdings increased by some 23.9 tonnes in August to 29.7 tonnes. That was followed by a 2.3-tonne rise in September to 32.09 tonnes and then a cut of 1.02 tonnes in October to 31.07 tonnes.  There was no data for November. It is Iraq’s first major move in years to bolster its gold reserves. More recently, Brazil raised its gold holdings by 14.68 tonnes, or 28 percent, in November, bringing its bullion reserves to 67.19 tonnes. The addition comes on the heels of an even bigger increase in October when the South American country added 17.17 tonnes to its reserves. In September, it  increased holdings by 2 tonnes. Meanwhile Turkey cut its gold holdings last month by 5.84 tonnes to 314 tonnes from October. The country allows commercial banks to use gold as collateral for loans, and changes to its balance sheet are often connected to such activity.

The legendary Jim Sinclair (who called the current bull market before anyone over a decade ago) has long maintained that the bullion banks would make the lions share of the profits in this massive secular bull market, not the average gold investor. 

Sinclair has sent an alert to metals investors today, advising that the current massive take-down in the metals is the end-game, and the Great Train robbery is in progress in which the Goldmans of the world will go massively long in gold.
Sinclair states that as soon as the bullion banks have grabbed every last available ounce of gold they can lay their hands on, gold will EXPLODE to $3,500.

MUST READ!

In the face of this week’s massive cartel intervention knocking down the metals in the wake of QE4, James Turk has just revised his $8,000 gold target- but NOT to the downside.
Turk states he now expects gold will surpass $8,000 an ounces in the next 3 years.

Recalling that gold was $350 back in 2003, and the DOW Jones Industrial average was about 9500, I forecast that gold and the DOW would be 8,000 some time between 2013 and 2015. Given that that this time frame is now upon us, I would like to discuss the basis on which I made that forecast, and more importantly, update it in one significant way; I now expect that the price of gold will rise higher than $8,000 per ounce as I will explain.

Turk’s full update below: